oil production | Egypt Oil & Gas - Part 18

Iran Nearly Doubles Gas Production at South Pars: Rouhani

Irani President Hassan Rouhani stated that gas production increased from 285 mcm to 555 mcm over the past Iranian calendar year.

AGIBA Oil Production Reaches 500 mb/d

Eni has announced that its joint venture with the Egyptian General Petroleum Corporation, AGIBA Petroleum Company, reached a production milestone of 500 million barrels per day (mb/d) on March 15th.

Kuwait Petroleum to Produce 4.75 b/d by 2040

Kuwait Petroleum Corporation eyes boosting its crude oil output through spending an expected amount exceeding $500 billion by 2040.

Iranian Oil Production, Exports not Affected by Protests

Iranian crude oil output and exports have not been affected by the unrest, which is spreading across the Asian Country, Iranian oil and shipping sources stated on January 2nd.

Libya’s Sharara Oilfield Goes Down—Again

he Sharara oilfield stopped production after a militant group seized control of the field.

Iraq Indicates Willingness to Extend Cuts

Iraq favors an additional one-percent cut in oil production by OPEC and its fellow oil producers.

Iran Projects Crude Production of 4.5M b/d

The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, projects that Iran will be producing 4.5 million barrels per day (b/d) of crude oil by the end of 2022.

IEA Raises Projections for Oil Demand

The International Energy Agency (IEA) increased its growth estimate for global oil demand in 2017 to 1.6 million barrels per day (b/d) from 1.5 million b/d.

OPEC Production Falls in August

OPEC production fell in August as Saudi Arabia cut back its production

Oil Minister: Iraq is in Compliance with Production-Cut Agreement

Iraq’s crude oil production fell to 4.32 million barrels per day (b/d) in August.

Page 18 of 28

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